GER40 has broken the intermediate 2H trend line after facing rejection near its ATH.
The market remains bullish but a short term short is on the horizon now.
The 50EMA on the Daily provides strong support to this market. We wait for a Bearish sign on the LTF to enter our shorts our wait for a retest of our intermediate Trend line on the 2H and rejection to enter shorts. With out Target being 19600-19800.
The market remains bullish but a short term short is on the horizon now.
The 50EMA on the Daily provides strong support to this market. We wait for a Bearish sign on the LTF to enter our shorts our wait for a retest of our intermediate Trend line on the 2H and rejection to enter shorts. With out Target being 19600-19800.
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We take our GER40 short position here
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.